Natural gas continues to rally on supply cuts

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Source: Forexpros
Natural gas continued to advance for the third consecutive day on Wednesday following Chesapeake Energy's announcement on energy output reduction and expected fall in the US stockpiles. Natural gas February contract traded at USD2.787 per million British thermal units at the late US session, on the New York Mercantile Exchange, soaring 7.15%.
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Thu, 26 Jan 2012 10:43:25 GMT

S&P 500 climbs on Fed decision

S&P 500 Index surged on Wednesday on Federal Reserve announcement, the institution will keep its key interest rate low by the end of 2014. US benchmark index climbed 0.87% or 11.41 points and finished at 1,326.06, with all 10 sectors posting gains.  Apple shares extended gains, climbing 6% on excellent earnings report. On the downside Wellpoint Inc. dropped 4.76%, as

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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